Home Business NewsTech News Facebook boss Mark Zuckerberg's total pay drops 67% in 2013

Facebook boss Mark Zuckerberg's total pay drops 67% in 2013

by LLB Editor
1st Apr 14 9:23 am

Facebook boss Mark Zuckerberg’s total pay tumbled by 67% to $653,165 in 2013.

This was because Zuckerberg took only a base salary of a $1 and declined to participate in the bonus plan for the year.

The Wall Street Journal reports that costs over his base salary include passenger fees, fuel, crew and catering costs for his use of private planes for personal reasons, as part of his security program.

However, Zuckerberg has earned a princely £3.3bn (£1.9bn) through the sale of share options, a regulatory filing has revealed. In addition, Zuckerberg still owns 426.3 million Facebook shares, which are worth around $25.7bn, according to the BBC.

In 2012, Zuckerberg’s total pay was $1.99m. He was paid a salary of $503,205 and received a $266,101 bonus. As part of the “other compensation” category, he was paid $1.22m.

Facebook chief operating officer Sheryl Sandberg, the highest-paid employee of Facebook, made $16.1m in 2013. This was down 38% from 2012. Chief financial officer David Ebersman was paid $10.5m in 2013, down 40% from the previous year.

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